Bharti Infratel, backed by billionaire Sunil Mittal, fell as much as 12.7 per cent in its trading debut after raising about $760 million in India's biggest IPO in two years, weighed down by a cautious outlook for mobile tower operators. The IPO, priced near the lower end of an indicative price range, struggled to find interest from retail investors and was supported mostly by foreign institutional investors. But analysts are...
11:27 AM, Dec 28, 2012
New Delhi/Mumbai: Bharti Infratel Ltd, the telecommunications tower unit of top phone carrier Bharti Airtel Ltd, is set to raise up to $825 million next month in what would be the country's biggest initial share offering in two years. Bharti Infratel, which will sell shares at a discount to global peers, is one of several Indian firms due to sell shares by the end of the year, tapping a revival...
01:40 AM, Dec 01, 2012
Mumbai/New Delhi: Bharti Infratel Ltd, the telecommunications tower arm of India's Bharti Airtel Ltd, is likely to launch its initial public offering to raise up to $900 million (approx Rs 4,993 crore) on December 10, sources said, in what will be the country's biggest IPO in two years. The offer to sell a 10 per cent stake in Bharti Infratel could raise $800 million to $900 million, the sources said,...
12:56 PM, Nov 23, 2012
New Delhi: The Etisalat DB and TDSAT will come up for hearing on Monday in the Delhi High Court. Telecom tribunal TDSAT issued a notice to Etisalat DB on Reliance Infratel's plea seeking to recover Rs 1,200 crore from the operator which had taken its telecom infrastructure on lease. A TDSAT bench headed by its chairman, Justice SB Sinha, asked the company to file a reply within two weeks and...
10:02 AM, Mar 05, 2012
The Reliance Comm has decided to restructure its ownership of the tower unit Reliance Infratel. ...
08:52 PM, Jun 14, 2010
Colombo: Sri Lanka Cricket has debts of more than USD 15 million after it co-hosted the World Cup earlier this year and is now seeking a government grant to help ease the burden, an official for the national sports body said on Monday. Treasurer Sujeewa Rajapaksa said the debts are mostly due to an outstanding bank loan of USD 15.5 million, obtained mainly for building new grounds and upgrading existing...
08:59 PM, Feb 05, 2008
New Delhi: When Rahul Dravid steps out to bat against the West Indies in the first Test at the Sabina Park in Jamaica on Monday, he would complete 15 years in international cricket. Yes, the pin-up boy of Indian cricket and one of the few good men left in the game has now graced the gentleman's game for a decade and a half. With an ever-present resolute look and focus...
08:44 PM, Feb 05, 2008
